Choose Your > > >

It’s time for Halloween, and there is a lot of scary stuff out there… not to mention the state of the economy, the unemployment rate and worldwide events. But this is no reason to hide under the covers and depend on others to protect you. In fact, I talk to people all over the world, and they tell me about the terrible advice they get… which drives my crazy…

“Save money!

Put money in your pension savings plan!

Live below your means!”

Give me a break! It’s as if these advisers think people are pretty stupid and can’t do anything more than that. It’s upsetting.
I’ve seen so many people, especially women, who just sit back and let others control their money. These people aren’t stupid; they’re lazy! And today, you can’t be lazy. You can’t be a passive, sit-by person hoping and praying that things are going to change.
You’ve got to be active… so if you are one of these lazy people, wake up!

Do Something!

Start by thinking differently. For example, if you’re only getting 1% interest on your savings, start thinking, “Where can I get a better return on my money?” And if you don’t know, go learn. Go study. Go figure it out because there are plenty of places out there where you can get a better return on your money. After all, with inflation reported at about 4%, you’re going to get 1% interest and pay 4% inflation so that’s negative 3.
Now, I’m not saying to go out and buy a ten-unit apartment building or throw all of your money in the stock market. I am saying… do something! Learn about other options… just get started.

Savers are Losers.

As Burt Dohmen of Dohmen Capital Research, says, “you don’t want to be on the side of the losers!”
With this in mind, let’s say you want to stop being a saver, and instead, have your money work for you.
Where do you start?

Well, I suggest you get advice from people who practice what they preach and are successful. Don’t turn to your financial planners for education. You’ll probably get a sales pitch! Instead, get your own financial education.
Start learning and take action. Whether it’s $100 or $1,000, you’ve got to put some money in the game and get started. When Robert and Kim Kiyosaki began investing, they started with one-ounce silver coins.
It doesn’t matter how much money you have, what matters is what do you do with it and how you control it.

And now is a great time to start a part-time business too. According to a recent article in Forbes, “with potential customers thinking outside the box, plenty of affordable talent, and more cost-conscious buyers focusing on value over brand, it’s actually a good time to start a business.”
Be creative and think about what kind of essential needs you can fulfill. For example, a friend of mine wrote a twenty-page eBook on “How to Publish an eBook Online.” She put this eBook online, and it brings in $100 to $200 dollars per month for her. While that’s not a lot of money, it’s something. And it’s definitely paying more money than sitting in the bank.

It just shows that there are simple things you can do to make your money start working for you. Increase your financial literacy, look at other options out there and just get started. Stop being lazy and start taking action.
Yes, change can be scary. But if you don’t take control of your money now, your future will be full of financial nightmares… and that’s really something to be scared about!
What are you going to do today to take control of your money and start your journey to financial freedom?